Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Dow rallies 300 points, rebounding from selloff
Jessica Menton USA TODAY
Published 4:34 PM EDT Jun 25, 2020
U.S. stocks staged a comeback in the final hour of trading Thursday, propelled by bank shares as investors weighed the prospects for an economic turnaround following a sharp sell-off a day earlier.
As part of the Subscription referred to in the Company's "Results of Placing" announcement issued earlier today, the following of the Company's directors and/or persons closely associated with them subscribed for the following new A ordinary shares of 12.5p each in the capital of the Company (each an "A Share") and the following new non-voting ordinary shares of 12.5p each in the capital of the Company (each an "NV Share"). The subscription price for each A Share was 1,160p and for each NV Share was 735p.
in a few weeks this will all be up once covid dies away and everyone is going out again
Why Big Brother is the big winner from the coronavirus crisis: From an app to order your pint to the death of cash, the pandemic has given a shot in the arm to the surveillance state, warns ROSS CLARK https://www.dailymail.co.uk/debate/article-8457635/Pandemic-given-shot-arm-surveillance-state-warns-ROSS-CLARK.html
Young's announces the successful completion of an equity issue raising gross proceeds of £88.4 million.
This included a placing of new A ordinary shares in the capital of the Company ("A Placing Shares") and new non-voting ordinary shares in the capital of the Company ("NV Placing Shares") announced yesterday (the "Placing").
The Placing raised gross proceeds of approximately £85.5 million. A total of 4,263,453 A Placing Shares and 4,900,000 NV Placing Shares (together, the "Placing Shares") have been placed by J.P. Morgan Securities plc, which conducts its UK investment banking activities as J.P. Morgan Cazenove ("J.P. Morgan Cazenove") and Panmure Gordon (UK) Limited ("Panmure Gordon" and, together with J.P. Morgan Cazenove, the "Joint Bookrunners") at a price of 1,160 pence per A Placing Share (the "A Placing Price") and 735 pence per NV Placing Share (the "NV Placing Price").
The concurrent offer made by the Company for retail investors to subscribe for new A ordinary shares in the capital of the Company (the "Retail Shares") via the PrimaryBid platform (the "Retail Offer") raised further gross proceeds of approximately £2.7 million.
In addition, in conjunction with the Placing, certain directors of the Company and/or persons closely associated with them have agreed to subscribe for an aggregate of 13,393 new A ordinary shares in the capital of the Company and 10,755 new non-voting ordinary shares in the capital of the Company (the "Subscription Shares"), at the A Placing Price and the NV Placing Price, respectively, pursuant to subscription letters entered into with the Company (the "Subscription").
gonna make a decent return here.
ive taken some in the placing
anyone going to do this, im thinking about it?
Well whatever it is, two hefty buys this morning show huge confidence.
Can one of the LT holders explain this share to me. I'm clearly missing something. And I'm not trying to be provocative for the sake of it. Nick Train who I greatly admire holds this. But a steadily falling sub-10% ROCE, which this year hit less than 6%. A yield of barely over 1%. Operating Profit that has gone nowhere in 2 years (up c. £2m), whilst net debt has increased by £50m over the same period. And trading on an EV/EBITDA multiple not much less than something like AG Barr that has ROCE in the mid-teens. And you have no hedge against falling GBP / Brexit / Corbyn, etc. Although I appreciate that you are also aligned on costs so no FX risk. But still the share is up some 500p from its lows. Why on earth? What is the magic here? Why would you hold this forever vs. a Diageo which gives global exposure and has far superior ROCE. Again. This is not meant to insult. I really don't get the attraction and the related rating
Very good solid results this morning . A share to buy and just hold onto forever.
A £60,000 investment on the 2nd. shows someone has confidence and expectations
The price has dropped a bit since. Mr. Dardis is taking the company into a different direction but is it the right one. He has put a lot of company money into high end venues but...
I seem to be the only one posting here . However I can’t believe after my yesterday’s post saying this share was undervalued resulted in today’s 5% uplift today ( only joking but I enjoyed the change in sentiment )
I bought into this share many years ago at £10.77 . The nonsense of the market is that after a wonderful interim report this share goes from £18 to £14 . I am not selling . If Apple can also lose 20% in the same period what the hell.
We have all been drinking pints from Young’s for 200 years and I am sure will will beyond Apple .
SP breaks 1400. Great buying going on
Bought a nice chunk of these about a month or so ago. For me, this share ticks the 'buy and hold forever' box. I live in South West London and find myself in Young's pubs all the time. I always like to experience a company's offering before I buy in (wherever possible) and I love everything about this business. I'm kicking myself for not buying in sooner, in fact. Absolutely fantastic pubs, well-run and not overpriced. Long may it continue!
I'll be toasting the BOD with a glass or two of double chocolate stout!
one year later, more of same.. excellent LFLs, 6% divvy hike again .. stock has outperformed FTSE by 25% over past 12 months ... bit of a boring stock really LOL ... if there are any fellow owners out there GL!
like for likes excellent, IMO down to a bit of good management plus a bit of the London economy motoring faster than even areas close by in the southeast ... looks like 6% is the new 5% as the going rate for dividend growth these days... not a really exciting total return but pretty good given the steady eddy factor ... my kids are going to inherit this, how"s that for long term perspective? (But meanwhile the divvies pay for my beer). GLA
Discount is now really 30%. Forecast earnings per share must be around 10% of market value for YNGN. Still the interest remains with voting right stock for now. Would like to see fewer acquisitions this year, instead a fall in net debt, not only as a multiple with EBITDA but also as a sum total.
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Young & Co's Brewery 'A' Shares (YNGA) Director name: Mr Rupert Clevely Amount sold: 18,068 @ 799.37p Value: 144,430